Kestra Private Wealth Services LLC Increases Holdings in Edison International (NYSE:EIX)

Kestra Private Wealth Services LLC lifted its position in shares of Edison International (NYSE:EIX) by 50.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,093 shares of the utilities provider’s stock after buying an additional 4,066 shares during the period. Kestra Private Wealth Services LLC’s holdings in Edison International were worth $966,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EIX. Crews Bank & Trust purchased a new position in shares of Edison International during the 4th quarter valued at about $25,000. Highline Wealth Partners LLC purchased a new position in shares of Edison International during the 3rd quarter valued at about $26,000. Groupama Asset Managment raised its holdings in shares of Edison International by 0.8% during the 3rd quarter. Groupama Asset Managment now owns 29,911 shares of the utilities provider’s stock valued at $26,000 after buying an additional 237 shares in the last quarter. Eastern Bank purchased a new position in shares of Edison International during the 3rd quarter valued at about $27,000. Finally, Larson Financial Group LLC raised its holdings in shares of Edison International by 125.0% during the 3rd quarter. Larson Financial Group LLC now owns 351 shares of the utilities provider’s stock valued at $31,000 after buying an additional 195 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Down 2.2 %

NYSE EIX opened at $51.55 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The firm has a market capitalization of $19.96 billion, a PE ratio of 15.12, a P/E/G ratio of 1.05 and a beta of 0.90. The stock’s 50 day moving average is $68.48 and its 200 day moving average is $78.92.

Edison International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 7th were given a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.78. This represents a $3.31 annualized dividend and a dividend yield of 6.42%. Edison International’s payout ratio is currently 97.07%.

Analysts Set New Price Targets

EIX has been the topic of several recent research reports. LADENBURG THALM/SH SH upgraded Edison International from a “sell” rating to a “neutral” rating and set a $56.50 price target on the stock in a research report on Wednesday, January 15th. UBS Group reduced their price target on Edison International from $87.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Wells Fargo & Company raised their price target on Edison International from $87.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $72.00 price target on shares of Edison International in a research report on Wednesday. Finally, Jefferies Financial Group initiated coverage on Edison International in a research report on Thursday, November 7th. They set a “buy” rating and a $93.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.11.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.